State of California

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.

The 12-cent-per-gallon fuel tax increase took effect Nov. 1.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

The first of the week's new issuance rolled in on Tuesday as strengthening municipal bond prices allowed underwriters to cut yields on some of the day’s larger deals.

Refundings on the calendar for the week ahead spurred speculation that issuers may rush deals to market before they are banned by the GOP tax plan.

More states and localities moved ahead with infrastructure financings in October, as issuers gained confidence the municipal tax exemption will remain in place.

Municipal bonds were unchanged at mid-session, according to traders, who are looking ahead to the next week's $6.7 billion new issue slate, which will be headlined by big offerings from Virginia and Maryland Issuers.

Municipals bonds are little changed in early activity as the market eyes next week’s new issue calendar, which is topped by big offerings from Virginia and Maryland Issuers.

Municipal bonds were steady at mid-session as the market eyes a chunky new issue calendar, topped up by the return of Illinois with a multi-billion dollar bond offering on Wednesday.

Municipal bond market participants are returning to work on Monday looking at another chunky new issue calendar, topped by the return of Illinois with a multi-billion dollar bond offering that aims to pay off some of the state’s overdue bills.

The primary muni market is set another busy week with $10 billion in new paper, as one deal from Illinois accounts almost half of the negotiated calendar.

Municipal bonds were weaker at mid-session, according to traders, who are looking ahead to the next week's $10 billion new issue slate, which will be dominated by Illinois's $4.5 billion general obligation bond offering.

Municipals are little changed in early activity as the market gets ready to take on the biggest deal of the year — next week’s $4.5 billion Illinois general obligation bond offering.

The firm's win on a competitive California GO deal underscores efforts to keep its hand in the new-issue business.

The state’s high-speed rail program still faces a long journey to completion beset by lawsuits and political opponents.

Top-shelf municipal bond yields dropped as many as five basis points, as about half of the week’s issuance is flowed into the primary market.

The state is $666 million ahead of budget projections for the first quarter of fiscal 2018.

Municipal market participants have their hands full on Tuesday, as roughly half of the week’s issuance is flowing into the primary market.